Good news for IL ABLE Account Owners! Effective September 1, 2025, the program management fee on IL ABLE Accounts was reduced by 0.02% basis points on the seven Asset Allocation Investment Options. This reduction lowered the total annual asset-based fee range from 0.30% – 0.36% to 0.28% – 0.34%.
What does this mean? For illustrative purposes, depending upon the Asset Allocation Option(s) that an IL ABLE Account may be invested in, an Account will be assessed a lower overall fee of $2.80 to $3.40 per $1,000 invested.
At IL ABLE, we continually work to lower fees.
Visit illinoisable.com and read the Plan Disclosure Booklet to learn more about the different Investment Options offered.